Climate Change Data

Environmental Metrics

ESG Focus Areas

• High performance standards
• Local development
• Accountability

Environmental Achievements

• Reduced energy intensity rate by 13%
• Lowered GHG emissions intensity rate by 14%
• Increased the reuse rate of excavation materials by 19%

Social Achievements

• Provided more than 1 million training hours to employees
• Recruited 100 young engineers through our “Tomorrow’s Builders” campaign
• Spent 75% of purchasing budget with local suppliers
• Created employment for more than 10,000 people through subcontractors and service providers
• Provided more than 17,000 free healthcare interventions from our clinics to local communities in remote, rural areas
• Founded the E4Impact Foundation to promote social entrepreneurship in Africa

Governance Achievements

• Developed a comprehensive new Sustainability Policy outlining ten core principles
• Adhered to the UN Global Compact’s ten principles
• Adopted an Integrated Management System in compliance with ISO 9001, 14001, and OHSAS 18001 standards
• Adopted an Anti-Corruption Compliance System

Climate Goals & Targets

Environmental Challenges

• Not being able to recruit specialized local workforce; lack of local qualified suppliers; low awareness of HSE issues; reputational risks linked to perceptions of malpractice in community relationships.
• Increased competition from peers in response to clients and societal demand for innovative and sustainable construction solutions; not being able to deliver high-quality projects due to difficulties in developing personnel; impacts on morale and productivity due to low investment in training; operational and reputational risks of perceived malpractice in supply chain management.
• Reputational risks of perceived malpractice; loss of confidence from investors and authorities; possible opposition by local communities, incurring delays and increased costs.
• Increased absence rate and personnel costs due to injuries and perceived labor malpractice; poor evaluation of environmental impacts; poor management and control plans; causing disruption among local communities; potential damage to existing infrastructure and private properties.

Mitigation Strategies

• Lower transport and customs costs through use of local suppliers; capacity building in terms of staff training and support for suppliers; access to qualified labor and suppliers for future projects; tangible benefits at a local level derived from the generation of direct and indirect employment, additional income; social initiatives for local communities.
• Clients and communities served by us are able to benefit from the deployment of the best available technologies and know-how; low recruitment costs due to internal training of employees and increased capacity to fill vacancies; ability to involve suppliers and partners in project development.
• Reduced reputational and financial risks due to the compliance system in place; license to operate granted by local and global stakeholders due to the Group’s engagement with all parties involved in projects; climate of mutual trust and broad local approval; reduced risks of opposition to projects; improved staff safety and fewer delays.
• Increased productivity due to employee wellbeing; lower absence rate and insurance costs; capacity to win contracts from clients who prioritize H&S in their tenders; reduced environmental impacts ensured by strict assessment, management and control practices; low risks of delay in the delivery of projects due to local communities’ environmental concerns; reduced litigation risks; improved reputation.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Rigorous standards and rules, including ethical, social and environmental principles, along with respect for human rights.
• Compliance with Salini Impregilo’s Code of Ethics and Anti-Corruption Model.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines

Certifications: ISO 9001, ISO 14001, OHSAS 18001

Third-party Assurance: Reconta Ernst & Young S.p.A.

UN Sustainable Development Goals

• SDG 9

Developing high quality, reliable and durable infrastructure, with a focus on affordable and equitable access for all.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Best New Entry 2016 in Italy’s “Best Employer of Choice” ranking
• CDP’s Italian Climate Disclosure Leadership Index (CDLI) 2015
• Best Improver 2015 in the annual Webranking award
• NC Digital Awards for “Best storytelling”
• Nielsen Intranet Design Award
• European Excellence Awards 2015
• Ragan's Employee Communications Award 2014
• Intra.NET Award 2015
• Online Talent Communication 2016 awards
• Contractor of the year by the International Tunnelling and Underground Space Association (ITA)
• Leading Infrastructure Sustainability Design rating from the Infrastructure Sustainability Council of Australia (ISCA)

Environmental Metrics

ESG Focus Areas

• Sustainable Mobility
• Clean Hydro Energy
• Clean Water
• Green Buildings
• Health and Safety
• Diversity and Inclusion
• Climate Change
• Circular Economy
• Human Rights
• Anti-corruption

Environmental Achievements

• Reduced energy consumption by 33% compared to 2018
• Reduced CO2 emissions by 25% compared to 2018 (Scope 1 and 2)
• Avoided over 147,000 tCO2e in 2017-2019
• 58% of excavated materials reused
• 20% of water recycled and reused
• 73% of waste not sent to landfills

Social Achievements

• 25% reduction in LTIFR compared to 2018
• More than 100 nationalities in the workforce
• 37% women at headquarters
• 69% of employees hired locally
• Over 16,000 free healthcare check-ups at worksite clinics
• Launched employee well-being program (welfare plan)

Governance Achievements

• Established anti-corruption training for all employees
• Implemented ISO 37001 Anti-Corruption Compliance System
• Implemented ISO 9001, ISO 14001, and ISO 45001 certifications
• Board of Directors with 33.3% women and 60% independent directors

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Country risks (political, economic, social)
• Counterparty risks (clients, partners, subcontractors)
• Contract risks
• Climate change impacts (extreme weather events)
• Payment delays from clients
• Legal disputes (USW Campania, Panama Canal, etc.)

Mitigation Strategies

• Strengthened risk management methods and tools
• Implemented procedures for managing significant risks (country, counterparty)
• Developed alternative sourcing strategies
• Integrated risk vision into strategic and business planning
• Implemented a crisis unit to address the COVID-19 pandemic
• Implemented measures to protect employee health and safety during COVID-19
• Optimized debt profile and secured additional financing

Supply Chain Management

Supplier Audits: More than 16 contracts assessed in 2019

Responsible Procurement

• Supplier Code of Conduct
• Quality, environmental, health, and safety requirements
• Human rights considerations

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather events affecting project timelines

Transition Risks

• Changes in annual average rainfall levels affecting hydropower projects

Opportunities

• Increased contribution to fighting climate change through projects in sustainable mobility, clean hydro energy, clean water, and green buildings

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards, UN Global Compact

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 37001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 8 (Decent work and economic growth)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 7 (Affordable and clean energy)
• Goal 6 (Clean water and sanitation)
• Goal 11 (Sustainable cities and communities)
• Goal 13 (Climate action)

Projects in sustainable mobility, clean hydro energy, clean water, and green buildings contribute to these goals

Sustainable Products & Innovation

• Riser Concept technology for underwater pipe installation
• Optimized concrete mixes with low cement content
• Automated material transportation using conveyor belts

Awards & Recognition

• RoSPA Silver Award (Valyou - Our Health and Safety Way project)
• RoSPA Gold Award (Cityringen metro project)

Environmental Metrics

ESG Focus Areas

• Green
• Safety & Inclusion
• Innovation
• Climate Change
• Natural resources and circular economy
• Supply chain
• Human rights
• Social aspects

Environmental Achievements

• Reduced overall GHG emissions by 7% compared to 2020
• Halved emissions intensity rate compared to the 2017 baseline
• 99% of the Group’s 2021 revenue is eligible under the EU green taxonomy
• 98% of excavated materials reused
• 71% of materials purchased within a 160 km radius of the work sites
• 68% low-carbon steel used

Social Achievements

• 84% of its workforce was hired locally
• 91% of its suppliers were local
• Improved Lost Time Injury Frequency Rate (LTIFR) by 31% compared to the 2017 baseline
• 20% of women included in succession planning for key positions (ahead of target)
• Over 560 thousand hours of training provided to direct and indirect personnel
• ~14,000 free healthcare check-ups at work site clinics

Governance Achievements

• 40% women on the Board of Directors
• 66.6% independent directors on the Board of Directors
• Approved a Sustainability-Linked Financing Framework in November 2021
• Included in Borsa Italiana’s MIB® ESG Index
• Maintained top sector player position in ESG ratings from MSCI (A), CDP Climate Change (B), EcoVadis (Gold), ISS-ESG (C+ Prime) and VigeoEiris (Advanced)

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to Covid-19 pandemic
• Increased injury rate due to Astaldi's integration, differing management methods, and pandemic restrictions
• Potential risks of non-compliance related to regulation updates
• Commercial and reputation risks due to possible issues with suppliers
• Incomplete implementation of relevant regulations
• Changes in regulations and external factors tied to the operating context
• Risks related to the acquisition of land
• Potential risks of non-compliance related to regulation updates
• Commercial and reputation risks due to possible issues with suppliers

Mitigation Strategies

• Comprehensive overview of its organisation after Astaldi's integration
• Innovation programmes to increase the energy efficiency of plant and machinery, construction techniques and use of materials
• Partnerships with the supply chain to jointly develop low emission solutions
• Technical/environmental training courses for personnel involved in sensitive processes
• Ongoing analysis of newly issued regulations to ensure compliance
• Definition of a Climate Strategy and decarbonisation roadmap
• Definition and introduction of science-based emission reduction objectives
• Link between emission performances and financing instruments (sustainability-linked bonds) and management’s variable remuneration (LTI plan)
• Environmental management systems and certifications
• Environmental risk identification, assessment and management
• Supplier qualification procedure
• Contracts with suppliers include provisions requiring them to comply with regulations, Code of Ethics, Suppliers Code of Conduct, 231 Model and Anti-corruption Model
• Monitoring and performance assessment of key suppliers
• Involvement of subcontractors in QEHS training courses

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Ethics
• Anti-corruption Model
• Suppliers Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Increase in frequency and severity of extreme weather events
• Increase in temperature and humidity levels, changes in precipitation, rise in sea levels

Transition Risks

• Increase in cost of raw materials due to higher carbon tax
• Transition from existing plant, machinery and materials to solutions with lower emissions
• Introduction of new regulations and specific techniques
• Greater demand from clients for low emission construction solutions
• Greater interest of the financial community and stakeholders in the Company’s decarbonisation plans

Opportunities

• Business growth in sustainable mobility, clean hydro energy, and green buildings
• Efficiency of operating processes through innovation and partnerships

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards (Core option), UN Global Compact

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 37001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 6
• SDG 7
• SDG 9
• SDG 11
• SDG 13

Webuild's projects contribute to these goals through improved access to water, energy, mobility, and public utility infrastructure; reduction of GHG emissions; and community development initiatives.

Sustainable Products & Innovation

• Green TBMs
• Environmentally-friendly robotic prefabrication systems
• Low emission construction materials

Awards & Recognition

• ITA Tunnelling Award 2021

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Health & Safety
• Supply Chain
• Innovation

Environmental Achievements

• Reduced GHG emissions intensity (scope 1 & 2) by 67% compared to the 2017 baseline (exceeding the 2025 target of -50%).
• Increased investments in high-impact innovative projects to €57 million (exceeding the target of €30 million).

Social Achievements

• Launched Cantiere Lavoro Italia program to train and hire 10,000 people in Italy by 2026.
• Provided 270,000 medical check-ups to workers and local communities.
• Delivered important works for local community development (Braila Bridge, Milan Metro stations, etc.).
• Achieved 25% women in key roles in succession planning.

Governance Achievements

• Maintained excellent ESG ratings from MSCI (AA), CDP Climate Change (A-), ISS-ESG (B- Prime), and Moody’s ESG (Advanced).
• Board of Directors had 15 members, including six women (40%) and ten independent directors (66.6%).

Climate Goals & Targets

Environmental Challenges

• Major outstanding disputes (USW Campania, Panama Canal, etc.)
• Country risks (Libya, Nigeria, Argentina)
• Commodity price volatility
• Interest rate increases
• Supply chain disruptions

Mitigation Strategies

• Rigorous risk management framework aligned with ISO 31000.
• Implementation of a business continuity management system.
• Price adjustment mechanisms for Italian contracts.
• Long-term fixed-rate debt to mitigate interest rate risks.
• Selective approach to tenders, focusing on technical expertise.
• Operational efficiency plan to reduce costs.

Supply Chain Management

Responsible Procurement

• Suppliers Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Flooding, storm surges, heat waves, earthquakes, landslides

Transition Risks

• Acceleration in environmental and climate policies, technological progress, stakeholder scrutiny

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, UN Global Compact, EU Taxonomy, SBTi

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 37001, SA8000, UNI/PdR 125

UN Sustainable Development Goals

• SDG 9
• SDG 13

Projects contribute to sustainable mobility, clean energy, clean water, and green buildings.

Sustainable Products & Innovation

• Green TBMs
• Automated tunnel segment factory
• Environmentally-friendly electrical transformer cabins

Awards & Recognition

• Safety Trophy (Ruta del Sol work site)